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Among the burning questions about professional golf’s shock merger is how the century-old PGA Tour, which is technically a nonprofit, will run once funded by one of the world’s biggest sovereign wealth funds. PGA Tour says it plans to keep its nonprofit status despite a potential infusion of cash from Saudi Arabia’s Public Investment Fund, backer of its merger partner, LIV Golf. If the deal goes… → Read More
Among the burning questions about professional golf’s shock merger is how the century-old PGA Tour, which is technically a nonprofit, will run once funded by one of the world’s biggest sovereign wealth funds. PGA Tour says it plans to keep its nonprofit status despite a potential infusion of cash from Saudi Arabia’s Public Investment Fund, backer of its merger partner, LIV Golf. If the deal goes… → Read More
Intuit has warned investors for decades about the potential threat from government-funded software. → Read More
The 2015-2020 filings span hundreds of pages to account for domestic and foreign assets, credits, deductions, depreciation and more. → Read More
Massive losses and large tax deductions in Donald Trump’s returns reveal how the former president was able to use the tax code to minimize his income tax payments. → Read More
Founder Yvon Chouinard structured the transfer of his firm in a way that keeps control within the family and avoids taxes. → Read More
Climate change is the defining story of our time. Bloomberg Green brings you the news, science, and data to understand it in full. Every week, Bloomberg's Kailey Leinz speaks to thought leaders and innovators, while our reporters around the globe bring you the stories of a changing planet. Issues, data, solutions, -- this is Bloomberg Green. → Read More
The collective wealth of the bottom 50% of households has nearly doubled in two years. Can the fragile gains continue? → Read More
The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a… → Read More
Listening in as elite lawyers discuss ways to make the tax code work even harder for the 0.1%. → Read More
Fidelity Charitable received $331 million in digital assets last year through its donor-advised funds, or DAFs. → Read More
Almost half of all U.S. wealth transferred over the next quarter century will come from the top 1.5% of households. → Read More
An exceptional year for wealthy Americans, at least in terms of their financial health, just got better. If West Virginia Senator Joe Manchin votes against President Joe Biden’s signature economic package, as he said he would on Sunday, rich Americans will escape any tax hikes, saving the top 0.1% hundreds of billions of dollars over the next decade. → Read More
Manchin's vote against Biden’s economic plan means rich Americans escape tax hikes, saving hundreds of billions of dollars over the next decade. → Read More
Elon Musk’s exercise of an unusually large number of options is boosting his claim that he’ll pay more taxes this year than any other American in history, as he spars with Senator Elizabeth Warren over wealth inequality. → Read More
The U.S. Treasury is launching an effort to examine the distribution of federal benefits and taxation by race, starting with a look at the pandemic relief payments that were due to most American households. → Read More
Hardest hit are those who make lots of money but have few legal options for sheltering it, like business owners. → Read More
If you’re wondering how President Joe Biden’s tax framework would affect rich Americans, here’s a rough scorecard. → Read More
More than $5 trillion is held by over 800 Americans worth at least $1 billion, according to the Bloomberg Billionaires Index. → Read More
A case study showing how the estate tax is entirely avoidable. → Read More